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NYSE:CSR

Centerspace (CSR) Stock Forecast, Price & News

$61.74
-0.73 (-1.17%)
(As of 09:31 AM ET)
Compare
Today's Range
$61.74
$62.44
50-Day Range
$53.98
$64.18
52-Week Range
$51.26
$90.00
Volume
696 shs
Average Volume
79,736 shs
Market Capitalization
$923.63 million
P/E Ratio
29.68
Dividend Yield
4.73%
Price Target
$70.00

Centerspace MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
12.1% Upside
$70.00 Price Target
Short Interest
Healthy
1.82% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.00mentions of Centerspace in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$111,360 Bought Last Quarter
Proj. Earnings Growth
1.16%
From $4.30 to $4.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Finance Sector

285th out of 863 stocks

Real Estate Investment Trusts Industry

40th out of 191 stocks


CSR stock logo

About Centerspace (NYSE:CSR) Stock

Centerspace operates as real estate investment trust, which engages in the ownership, management, acquisition, redevelopment, and development of apartment communities. It focuses on making operational enhancements to improve residents experience, redeveloping existing apartment communities to meet market demands and acquiring new apartment communities in the Minneapolis/St. Paul and Denver metropolitan areas. The company was founded on July 31, 1970 and is headquartered in Minot, ND.

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CSR Stock News Headlines

All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Analyst Ratings for Centerspace
Centerspace (CSR) Set to Announce Quarterly Earnings on Monday
Investors Real Estate Trust Registered Shs of Benef Interest
Apartments owner Centerspace names Anne Olson CEO
Centerspace (NYSE:CSR) Sets New 12-Month Low at $52.74
Centerspace (CSR) Q4 2022 Earnings Call Transcript
Centerspace (NYSE:CSR) Q4 2022 Earnings Call Transcript
See More Headlines

CSR Price History

CSR Company Calendar

Last Earnings
8/01/2022
Ex-Dividend for 4/10 Dividend
3/30/2023
Dividend Payable
4/10/2023
Today
6/09/2023
Ex-Dividend for 7/10 Dividend
6/29/2023
Dividend Payable
7/10/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
394
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$70.00
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+12.1%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$-13,470,000.00
Pretax Margin
17.12%

Debt

Sales & Book Value

Annual Sales
$256.72 million
Cash Flow
$6.09 per share
Book Value
$56.86 per share

Miscellaneous

Free Float
14,831,000
Market Cap
$934.55 million
Optionable
Optionable
Beta
0.93

Key Executives

  • Anne M. Olson
    President, CEO, Secretary & Director
  • Bhairav Patel
    Chief Financial Officer & Executive Vice President
  • Susan J. Picotte
    Vice President-Asset Management
  • Jean Denn
    Senior Vice President-Operations
  • Grant P. Campbell
    Senior Vice President-Investments













CSR Stock - Frequently Asked Questions

Should I buy or sell Centerspace stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centerspace in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSR, but not buy additional shares or sell existing shares.
View CSR analyst ratings
or view top-rated stocks.

What is Centerspace's stock price forecast for 2023?

6 brokerages have issued 1-year target prices for Centerspace's shares. Their CSR share price forecasts range from $62.00 to $80.00. On average, they predict the company's share price to reach $70.00 in the next year. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for CSR
or view top-rated stocks among Wall Street analysts.

How have CSR shares performed in 2023?

Centerspace's stock was trading at $58.67 at the start of the year. Since then, CSR shares have increased by 6.5% and is now trading at $62.47.
View the best growth stocks for 2023 here
.

Are investors shorting Centerspace?

Centerspace saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 272,100 shares, a drop of 7.0% from the April 30th total of 292,600 shares. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is currently 3.2 days.
View Centerspace's Short Interest
.

When is Centerspace's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our CSR earnings forecast
.

How were Centerspace's earnings last quarter?

Centerspace (NYSE:CSR) released its earnings results on Monday, August, 1st. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.63) by $0.33. Centerspace had a net margin of 14.40% and a trailing twelve-month return on equity of 4.26%. During the same period in the previous year, the business earned $0.95 earnings per share.

How often does Centerspace pay dividends? What is the dividend yield for Centerspace?

Centerspace announced a quarterly dividend on Friday, June 2nd. Shareholders of record on Friday, June 30th will be paid a dividend of $0.73 per share on Monday, July 10th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for CSR
.

Is Centerspace a good dividend stock?

Centerspace (NYSE:CSR) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.66%. CSR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 140.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CSR will have a dividend payout ratio of 67.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSR.

What guidance has Centerspace issued on next quarter's earnings?

Centerspace issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $4.27-$4.56 for the period, compared to the consensus earnings per share estimate of $4.41. The company issued revenue guidance of -.

What is Centerspace's stock symbol?

Centerspace trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSR."

Who are Centerspace's major shareholders?

Centerspace's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.93%), State Street Corp (6.54%), Wellington Management Group LLP (4.38%), Heitman Real Estate Securities LLC (3.15%), Renaissance Technologies LLC (3.03%) and Geode Capital Management LLC (2.18%). Insiders that own company stock include John A Schissel, Mark Okey Decker Jr, Mary J Twinem and Rodney Jones-Tyson.
View institutional ownership trends
.

How do I buy shares of Centerspace?

Shares of CSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Centerspace's stock price today?

One share of CSR stock can currently be purchased for approximately $62.47.

How much money does Centerspace make?

Centerspace (NYSE:CSR) has a market capitalization of $934.55 million and generates $256.72 million in revenue each year. The company earns $-13,470,000.00 in net income (profit) each year or $2.08 on an earnings per share basis.

How many employees does Centerspace have?

The company employs 394 workers across the globe.

How can I contact Centerspace?

Centerspace's mailing address is 1400 31ST AVENUE SW SUITE 60 PO BOX 1988, MINOT ND, 58702. The official website for the company is www.iretapartments.com. The company can be reached via phone at (701) 837-4738, via email at ir@iret.com, or via fax at 701-838-7785.

This page (NYSE:CSR) was last updated on 6/9/2023 by MarketBeat.com Staff

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